Integrated Wealth Concepts LLC Has $56.98 Million Stock Position in Fidelity Total Bond ETF $FBND

Integrated Wealth Concepts LLC lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 0.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,252,617 shares of the company’s stock after acquiring an additional 11,740 shares during the period. Integrated Wealth Concepts LLC owned approximately 0.21% of Fidelity Total Bond ETF worth $56,982,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Root Financial Partners LLC bought a new stake in Fidelity Total Bond ETF in the 4th quarter valued at about $25,000. GHP Investment Advisors Inc. acquired a new stake in shares of Fidelity Total Bond ETF in the first quarter valued at approximately $25,000. Community Financial Services Group LLC acquired a new stake in Fidelity Total Bond ETF during the second quarter worth approximately $32,000. Tucker Asset Management LLC bought a new position in Fidelity Total Bond ETF during the 4th quarter worth $37,000. Finally, Maryland Capital Advisors Inc. acquired a new position in Fidelity Total Bond ETF in the 2nd quarter valued at $37,000.

Fidelity Total Bond ETF Stock Down 0.1%

FBND stock opened at $44.67 on Wednesday. Fidelity Total Bond ETF has a 52 week low of $44.59 and a 52 week high of $46.86. The company has a market cap of $27.06 billion, a PE ratio of 8.94 and a beta of 0.27. The business has a 50-day simple moving average of $45.02 and a 200 day simple moving average of $45.50.

About Fidelity Total Bond ETF

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.